Duke   University   Libraries 

Amendment  propo 
Conf  Pam  #272 


A-MENDMENT 

Proposed  by  the  Senate  to  the  Bill  ( U.  R.  379)  to  levy  additional 

taxes  for  the  year  eij^hteen  hundred  and  sixty-five, 

for  the  support  of  the  i^overnment. 

Strike  out  all  after  enacting  clause  and  insert  as  follows : 

1  That  in  addition  to  the  taxes  levied  by  the  Act  approved  B'eb- 

2  ruary    17,    18(i4,  entitled  "An  Act  to  amend  an  Act  entitled  an 

3  Act  to  levy  taxes  for  the  common  defence  and  carry  on  the  gov- 

4  ernmeut  of  the  Confederate  States,"  approved  t24th  April,  1863, 

5  there  shall  be  levied  for  the  year  1805,  on  the  subjects  of  taxa- 
G  tion  hereinafter  mentioned,  and  collected  from  every  person,  co- 

7  partnership,  association   or  corpojation  liable  thereto,  taxes  as 

8  follows,  to-wit : 

1  I.  Upon  the  value  of  all  property— real,  personal  or  mixed, 

2  of  every  kind  and  description  not  hereinafter  exempted  or  tax- 

3  ed  at  a  different  rate,  cue-fourth  of  one  per  cent.     The  value  of 

4  the  property  taxed  under  this  section  shall  be  assessed  on  the 

5  basis  of  the  market  value  of  the  same  or  similar  property  of 

6  the  neighborhood  where  assessed,  in  the  year  eighteen  hundred 

7  and  sixty;  and  it  is  hereby  declared  that  all  the  property  and 

8  assets  of  corporations,  associations  or  joint  stock  companies, 

9  whether  incorporated  or  not,  shall  be  assessed  and  taxed  in  the 

10  same  manner  and  to  the  same  extent  as  the  property  and  assets 

1 1  of  individuals.     The  tax  on  such  property  and  assets  to  be  as- 

12  sessed    against  and   paid   by  such  corporations,  associations  or 

13  joint  stock  companies  :  Provided,  That  no  bank  or  banking  com- 


2 

14  pany  shall  be  liable  to  pay  a  tax  on  deposits    of  money    to  the 

15  credit  of,  and  subject  to  the  checks  of  others:  and  provided  far- 
IG  ther,  That  the  stock  or  shares  representing  property  or  assets 

17  in  corporations,  associations  or  joint  stock  companies  shall  not 

18  be  assessed  or  taxed  as  property  under  this  act:  but  the  divi- 

19  dends  derived  therefrom  shall  be  subject  to  be  taxed  as  income 

20  under  existing  laws. 

1  JI.  Upon  the  amount  of  all  gold  or  silver  coin,  and  upon  the 

2  amount  of  all  moneys  held  abroad  or  bills   of  exchange  drawn 

3  therefor,  promissory  notes,   rights,  credits  and  securities,  paya- 

4  ble  in  foreign  countries,  and  upon  the  value  of  all  gold  dust  or 

5  gold  and  silver  bullion,  valued  in  specie,  one  per  cent ;  and  up- 

6  on  the  value  of  gold  and  silver  wares,  plate,  jewels,  jewelry  and 

7  watches,  valued  on  the  basis  of  the  value  of  such  property  in 

8  the  year  eighteen  hundred  and  sixty,  one-half  of  one  per  cent. 

1  111.   Upon  the  amount  of  all  moneys  except  those  mentioned 

2  in  paragraph  two,  bank  bills,  treasury  notes  and  other  paper 

3  issued  as  currency,  on  hand  or  on  deposit  on  the  day  of  the  ap- 

4  proval  of  this  act,  two  per  cent. 

1  IV.  Upon  the  amount  of  all  solvent  credits,  except  those 

2  mentioned  in  paragraph  two,  two  per  cent. :  Provided^  That  all 

3  the  stocks  and  bonds  issued  by  the  Confederate  States  or  by 

4  aay  State,  and  all  loans  to  the  government  of  the  Confederate 

5  States  shall  be  exempt  from  taxation,  except  as  to  the  interest 

6  payable   thereon,  which  shall  be  taxed  as  income  under  exist- 

7  inglaws:  Provided  further,  That  the  interest^  on  the  bonds, 


8  stocks  or  obligations  of   the  Confederate  States,  or  of  any 

9  State,  shall  not  be  taxed  as  income  in  cases  where  the  acts  un- 

10  der  which  they  were  issued  contain  a  stipulation  that  the  inter- 

11  est  thereon  shall  be  exempt  from  taxation. 

1  V.  Upon  profits  made  by  buying  and  selling  merchandise,  ef- 

2  fects   or   property  of  any  description,   or  money,  gold,  silver, 

3  stocks,  credits  or  obligations  of  any  kind,  at  any  time  between 

4  January  1st,  1865,  and  January  Ist,  1866,  ten  per  cent  in  addi- 

5  tion  to  the  tax  on  such  profits  as  income ;  said  profits  to  be  as- 

6  certained  by  the  difference  between  the  price  paid  in  Confeder- 

7  ate  Treasury  notes,  including  all  costs  and  charges,  and   the 

8  price  realized  in  the  same  currency  ;  Provided,  That  if  the  ob- 

9  jects  of  sale  were  purchased  at  any  time  since  January  1st,  1863, 

10  this  additional  tax  shall   attach'  on  the  profits  realized  on  the 

11  sale  thereof  during  the  year  1865. 

1  VI.     Upon  the  amount  of  profits  exceeding  twenty-five  per 

2  cent.,  made  during  the  year  1865  by  any  bank  or  banking  com- 

3  pany,  in  surance,  canal,  navigation,  importing  or  exporting,  tel- 

4  egraph,  express,  railroad,  manufacturing,  mining,  dry  dock  or 

5  other  joint  stock  companies  of  any  description,  whether  incorpo- 

6  rated  or  not,  twenty-five  per  cent.  :  Provided,  That  this  tax  shall 

7  apply  to  individuals  and  partnerships  engaged  in  trade,  or  in  any 

8  business  or  employmeut  enumerated  in  this  paragraph,  as  well 

9  as  to  corporations  or  joint  stock  companies  :  Provided  further, 

10  That  individuals  and  partnerships  who  have  not  been  assessed, 

11  or  have  not  paid  for  the  year  1864,  the  tax  imposed  on  the  ex- 

12  cess  of  profits  over  twenty-five  percent,  for  that  year,  shall  be  as- 


4 

13  sessed  and  required  to  pay,  during  the  year   18G5,  twenty-five 

14  per  cent,  tax  on  the  excesj  of  profits  over  twenty-five  per  cent., 

15  realized  during  the  year  18(54. 

1  Sec  2.  That  the  property,  the  income  and  moneys  of  hospitals, 

2  asylums,  churches,  schools,  colleges  and  charitable  institutions, 

3  shall  be  exempt  from  taxation  under  the  provisions  of  this  Act, 

4  or  any  other  law.     All  property  within  the  lines  of  the  enemy 

5  shall  be  exempt  from  taxation  so  long  as  it  remains  within  such 

6  lines;  but  any  income  derived  therefrom  shall  be  taxed  as  income 

7  under  existing  laws.  The  exemptions  enumerated  in  paragraphs 

8  one,  two  and  three  of  section  five  of  the  Act  entitled  "An  Act 

9  to  levy  additional  taxes  for  the  common  defence  and  support  of 

10  the  government,*'  approved  17th  February,  1864,  are  hereby  re- 

1 1  enacted.     Household  furniture,  where  the  value  does  not  exceed 

12  three  hundred  dollars,  on  the  basis  of  the  value  thereof  in  the 

13  year  1860,  wearing  apparel,  goods  manufactured  by  any  person 

14  for  the  use  and  consumption  of  his  family,  including  slaves,  poul- 

15  try,  fruit  and  the  products  of  gardens,  when  said  poultry,  fruit 

16  and  products  are  raised  for  the  family  of  the  producer,  and  not 

17  for  sale.  Corn,bacon  and  other  agricultural  products,  which  were 
18    produced  in  the  year  1864,  and  necessary  for  the  tax-payer's  fam- 

19  ily,  including  slaves  during  the  present  year,  and  in  his  posses- 

20  sion  on  the  day  of  the  approval  of  this  Act,  shall  be  exempt 

21  from  taxation. 

1  Sec.  3.  That  when  property,  real  or  personal,  has  been  injured  or 

2  destroyed  by  the  enemy,  or  the  owner  thereof  has  been  temporari- 


5 

3  \j  deprived  of  the  use  thereof,  or,  in  the  case  of  real  estate,  of 

4  the  means  of  cultivating  the  same,  by  reason  of  the  possession 

5  or  proximity  of  the  enemy,  the  assessment  on  such  property  may 

6  be  reduced   in   proportion   to    the   damage  sustained  by  the 

7  owner,  or  the  tax  assessed  thereon  may  be  reduced  in  the  samo 

8  ratio  by  the  district  collector,  on  satisfactory  evidence  submit- 

9  ted  to  him  by  the  owner  or  assessor  :  Provided,  That  the  lami- 

10  lies  of  soldiers  in  the  army,  and  those  soldiers  discharged  or 

11  retired  from  active  service  in  the  field  on  account  of  physical 

12  disability,  and  whose  families  are  composed  entirely  of  white 

13  members,  whose  farms  are  cultivated  byUheir  families,  shall  not 

14  be  liable  to  any  tax  in  kind. 

1  Sec.  4.  That  the  taxes  on  property  for  the  year  1865,  imposed 

2  by  this  Act, shall  be  assessed  as  on  the  day  of  the  approval  of  this 

3  Act,  and  be  due  and  collected  on  the  first  day  of  June  next,  or  as 

4  soon  thereafter  as  practicable.    The  additional  taxes  on  profits 

5  for  the  year  1865,  shall  be  assessed  and  collected^ according  to 

6  the  provisions  of  existing  laws  in  regard  to  tlie  assessment  and 

7  collection  of  taxes  on  income. 

1  Sec  5.  That  the  taxes  levied  by  paragraphs  one  and  two  of 

2  the  first  section  of  this  Act,  shall  be  paid  in  Confederate  States 

3  Treasury  notes  of  the  new  issue,  and  certificates  of  indebtcd- 

4  ness  authorized  by  the  Act  entitled  "An  Act  to  reduce  the  cur- 

5  rency  and  to  authorize  a  new   issue   of  notes    and  l)onds,"  ap- 

6  proved  17th  February,  1864  ;  but  said  Treasury  notes  and  certi- 

7  ficates  shall  be  received  by  the  collectors  in  payment  of  said 


r; 

8  taxes  only  at  their  market  value  in  specie,  to  be  ascertained,  as- 

9  sessed  and  declared  from  time  to  time  as  hereinafter  mentioned: 
lO  Provided,  That  at  least  one-half  of  said  taxes  shall  be  paid  in 
U  Treasury  notes  ;  and  it  is  hereby  enacted   that   the  certificates 

12  of  indebtedness,  authorized  by  the  said  Act  of  l7th  February, 

13  1864,  may  be  iesued  for  debts  contracted  prior  to  the  passage  of 

14  said  Act,  and  that  the  agent  of  the  Treasury  for  the  Trans-Mis* 

15  sissippi  Department  be,  and  he  is  hereby  authorized  to  issue  un- 
IG  der  regulations  to  be  prescribed  by  the  Secretary  of  the  Treas- 

17  ury,  the  certificates  of  indebtedness  provided  for  in  said  Act  of 

18  17th  February,  1864,  for  debts  contracted  in  the   Trans-Missis- 

19  sippi  Department  prior  or  subsequent  to  the  passage  of  said  Act 

20  of  17th  February,  1864,  and  that  all  the  certificates  above  men- 

2 1  tioned  shall  be  received  in  payment  of  said  taxes  at  their  mar- 

22  ket  value  in  specie  as  aforesaid  ;  subject,  however,  to  the  con- 

23  dition  above  mentioned,  that  one-half  of  said  taxes  are  to  be  paid 

24  in  Treasury  notes. 

1  Sec.  6.     That  the  taxes  mentioned  in  paragraphs  three,  four, 

2  five  and  six  of  section  one  of  this  Act,  and  all  the  money  taxes 

3  imposed  by  the  Act  of  17th  February,  1864,  entitled  "An  Act 

4  to  amend  an  Act  entitled  an  Act  lo  lay  taxes  for  the  common 

5  defence  and  carry  on  the  government  of  the  Confederate  States," 

0  approved  April  24,  1803,  shall  be  paid  in  Confederate  States 
7  Treasury  notes  of  the  new  issue,  only  at  par. 

1  Sec.  7.  That  the  State  collector  of  taxes  of  each  State  shall, 

2  immediately  after  the  passage  of  this  Act,  appoint  three  discreet 

3  persons  in  each  congressional  district  in  liis  Sfate,   who  shall 


7 

4  take  and  subscribe  an  oath  before  some  officer  awthorizcd  to  ad- 

5  minister  the  same,  for  tl.e  true  and  faithful  performance  of  their 

6  duties  under  this  Act,  (which  oath  shall  be   deposited  with  such 

7  collector,)  and  who  shall  meet  on  the  fifih  day  preceding  the  first 

8  day  of  June  next,  at  such  places  in  their  district  as  thcv  or  any 
0  two  of  them  may  agree  upon,  and  shall   ascertain  and  declare 

10  the  market  value   in   specie   of    Ucnfederate   Treasury   notes 

1 1  and  certificates  of  indebtedness,  and  shall  immediately  make  out 

12  a  written  declaration  of  the  same,  and  transmit  a  copy  of  the 

13  same  to  the  collector  of   osch  county,  parish  or  district  in  their 
H  congressional  district,  and  also  a  copy  to  the  State  collector  on 

15  or  before   the  first  day  of  June;     and  thereafter  said   persons 

16  shall,  on  the  fifth  day  before  the  expiration  of  each  succeeding 

17  month,  again  meet  and  a'^certain  and  declare  the  values   afore- 

1 8  said,  and  make  out  and  transmit  copies  of  the  same  as  aforesaid, 

19  and  the  values  so  ascertained  and  declared  shall  be  the  rate  at 

20  which  the  said  evidences  of  government  indebtedness  and  Treas- 

21  nry  notes  shall  be  receivable  by  collectors  in  payment  of  taxes 

22  during   the   month   immediately  succeeding   such  declaration  : 

23  Provided,  'I'hat  the  Governor  of  any  State  may  appoint  one  of 

24  the  thrife  persons  in  each  congressional  district  as  above  men- 

25  tioned,  in  case  he  make  such  appointment   on  or  before  the  1st 

26  day  of  May  next. 

1  Sec.  8.     That  the   Act  approved  l7th  February,  1864,  enti- 

2  tied  "An  Act  to  lay  additional  taxes  for  the  common  defence 


8 


3  and  support  of  the  government,"  in  so  far  as  the  same  can  Ue 

4  construed  as  imposing   taxes  for   the   year  1865,  or  any  other 

5  than  the  year  1864,  is  hereby  repealed. 


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